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Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela's second largest oil market continue to grow. Indian refiners resumed imports of Venezuelan crude earlier this year after the U.S. Treasury Department authorized transactions for exports of crude and fuel despite sanctions targeted at President Nicolas Maduro's government. India's top refiner, Indian Oil Corp (IOC), is set to receive 1.2 million barrels of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL) will get 800,000 barrels of oil, the sources with direct knowledge of the matter said.

(Bloomberg) -- Brevan Howard Asset Management returned 5.1% in September, its best monthly return since 2022, as the Federal Reserve cut interest rates more than some traders expected. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After H

(Bloomberg) -- While the Federal Reserve’s rate cuts may soften returns in all of floating-rate credit, the easing cycle will nonetheless be a catalyst for deals, said Kipp deVeer, head of the credit group at Ares Management Corp.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by Sch

(Bloomberg) -- Iran is still exporting crude from its main Kharg Island terminal even after a flotilla of tankers fled nearby waters where they’d normally wait their turn to collect cargoes. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned A

WASHINGTON (Reuters) -The U.S. trade deficit narrowed sharply in August as exports increased to a record high, suggesting trade could have little or no impact on economic growth in the third quarter. The economy's strength likely has no impact on expectations that the Federal Reserve will cut interest rates again next month. Economists at Goldman Sachs maintained their forecast for gross domestic product to rise at a 3.2% annualized rate in the July-September quarter after the trade data.

(Bloomberg) -- Chile’s consumer prices rose less than forecast last month, providing the central bank with some good news as policymakers signal they will cut the interest rate again next week.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have Against Tiny Cars?Chicago’s $1 Billion Budget Hole Ex

(Bloomberg) -- FirstRand Ltd. has turned more bullish on South Africa’s economy, and now sees a greater chance of economic growth accelerating to 2% and the rand strengthening to below 16 per dollar next year.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Bru